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Trailing Into Targets
We started Monday’s session with an eye for lower prices. Now that those targets have been met, is it time for a bounce? I think there’s a fair chance, but I’m going to let price prove it to me first.
New Yearly Lows for AMZN?
AMZN has several different technicals and time frames that look weak and could spark a new run to the downside and in turn could create new lows for the year. In this video I walk through the charts and data and talk about a couple of different trade ideas to consider to play the move lower while keeping risk small.
End of week review & plan
We knew this week was likely a wild one with CPI, FOMC, ECB, BOE, OPEX, etc… The week did not disappoint. Let’s review how we got to where we are now and what that has us thinking about the next leg.
Gaze Into The Abyss
Some major technical changes to the market that we need to review before next week.
Voodoo Firelines and Symmetry
Major indices have turned down, breaking below the most important of the nearby Voodoo Lines levels. Breaks of symmetry can help confirm that the trend is changing in the moves below those levels.
When a Cheap Stock Isn’t Cheap
As AAPL and AMZN continue to slide it may start feeling like prices are “just too cheap” and can be acquired at a discount. I’d caution against that way of thinking, and instead focus on patterns that very much appear ready to break.
What does this sell-off mean?
It depends on where we look. There are not oversold support levels to watch as well as Buy the Dip opportunities. I explain where and why in this update.
What’s for Dinner?
In tonight’s video review I want to look at some of the best monthly charts out there, and areas where we may see the next phases of leadership. They’re not what you might expect, but are worth keeping on your watchlist.
Half Way Home
It’s been a big week thus far, but remember, there is still plenty in front of us before we can breathe easy. Tonight I will update the weekly plan for the remainder of the week in hopes that it helps navigate the home stretch.
What’s For Dinner?
In tonight’s video review I want to look at some of the best monthly charts out there, and areas where we may see the next phases of leadership. They’re not what you might expect, but are worth keeping on your watchlist.
